IPO Trending
UTLSOLAREQ / NSE, BSEListed
Fujiyama Power Systems

Incorporated in 2017, Fujiyama Power Systems Limited operates in the rooftop solar energy solutions industry and manufactures a wide range of products used in residential, commercial, and industrial solar setups. The company has a portfolio of 500+ SKUs that includes on-grid, off-grid, and hybrid solar inverters, solar panels, lithium-ion and tubular batteries, charge controllers, PWM chargers, and UPS systems, enabling reduced dependency on third-party OEMs. Fujiyama has a strong nationwide distribution network with over 480 distributors, 3,600+ dealers, and 1,000+ exclusive Shoppe franchisees, supported by 500+ trained service engineers. The company’s manufacturing facilities are located in Greater Noida (UP), Parwanoo (HP), and Bawal (Haryana).

DRHPanchor
₹216 - ₹2281.45x sub
Listed Price₹220.00
Listing Gain-3.51%

IPO Schedule & Timeline

Bookbuilding IPO
Open13 Nov 2025
Close17 Nov 2025
Allotment18 Nov 2025
Listing20 Nov 2025

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Anchor1,08,28,947 shares
29.82%
QIB72,19,298 shares
19.88%
HNI54,14,474 shares
14.91%
Retail1,26,33,772 shares
34.79%
Employee2,19,298 shares
0.6%

Minimum Application Lots

Retail1 Lot (65 shares)
₹14,820
sHNI14 Lots (910 shares)
₹2,07,480
bHNI68 Lots (4,420 shares)
₹10,07,760

Company Promoters

Pawan Kumar GargYogesh DuaSunil Kumar

Company Background

Incorporated in 2017, Fujiyama Power Systems Limited operates in the rooftop solar energy solutions industry and manufactures a wide range of products used in residential, commercial, and industrial solar setups. The company has a portfolio of 500+ SKUs that includes on-grid, off-grid, and hybrid solar inverters, solar panels, lithium-ion and tubular batteri...

Lead Managers & Bankers

Motilal Oswal Investment Advisors LimitedSBI Capital Markets Limited

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Jun-25)₹597.79 Cr
Growth-10.2%
Revenue Trend (₹ in Crores)
0.0594.21.2k1.8kMar-23Mar-24Mar-25Jun-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Jun-25597.7967.591,243.88432.83
Mar-251,550.09156.341,013.96346.22
Mar-24927.245.3609.64200.19
Mar-23665.3324.37514.56211.14

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Jun-25014.56%14.85%025.84
Mar-25039.40%41.01%40.850
Mar-24018.91%26.60%00
Mar-23012.62%16.81%00

Peer Comparison & Valuation

Financial Performance

Fujiyama Power Systems Limited

NAV/Share (₹)14.17
RONW(%)39.40
EPS (Basic) (₹)5.59

Waaree energies limited

NAV/Share (₹)334.00
RONW(%)20.09
EPS (Basic) (₹)68.24

R S premier energies limited

NAV/Share (₹)62.61
RONW(%)33.21
EPS (Basic) (₹)21.35

Exicom Tele Systems

NAV/Share (₹)50.80
RONW(%)-17.93
EPS (Basic) (₹)-9.11

Insolation Energy Limited

NAV/Share (₹)28.00
RONW(%)20.46
EPS (Basic) (₹)5.95

Valuation

Fujiyama Power Systems Limited

P/E(X)0
CMP* (₹)0
Face value (₹)1.00

Waaree energies limited

P/E(X)49.04
CMP* (₹)3332.65
Face value (₹)10.00

R S premier energies limited

P/E(X)47.91
CMP* (₹)1022.80
Face value (₹)1.00

Exicom Tele Systems

P/E(X)0
CMP* (₹)144.50
Face value (₹)10.00

Insolation Energy Limited

P/E(X)31.68
CMP* (₹)188.50
Face value (₹)1.00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
18 Nov 2025
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
20 Nov 2025

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for Fujiyama Power Systems. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization18 Nov 2025Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date20 Nov 2025Trading commences on exchange

How to Check Fujiyama Power Systems Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

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3Enter Details

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4View Allocation

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Prospectus & Official Filings

Official FilingDRHP
Official FilingANCHOR

Allotment FAQs & Help

About Fujiyama Power Systems IPO

Complete issue overview for Fujiyama Power Systems (UTLSOLAR) IPO. The issue features an equity share price band of ₹216 – ₹228 per share with a minimum retail lot size of 65 Shares (minimum application amount of ₹14,820). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions